Cameco Co. (NYSE:CCJ) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 638,610 shares of the basic materials company’s stock after buying an additional 40,667 shares during the quarter. Deutsche Bank AG’s holdings in Cameco were worth $32,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 226 shares in the last quarter. Heritage Wealth Management Inc. increased its position in Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares in the last quarter. EdgeRock Capital LLC lifted its holdings in shares of Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after buying an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE grew its stake in shares of Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ opened at $51.96 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $43.09 and its two-hundred day moving average price is $48.90. The firm has a market capitalization of $22.62 billion, a P/E ratio of 185.57 and a beta of 0.89. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s revenue was up 24.4% on a year-over-year basis. On average, equities analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CCJ shares. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Tuesday. Sanford C. Bernstein started coverage on Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target on the stock. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $70.03.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.